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The Gross Book Values of fixed assets were Rs 520,000 and 480,000 respectively for 2020 and 2019. Accumulated depreciations relating to these assets were Rs
The Gross Book Values of fixed assets were Rs 520,000 and 480,000 respectively for 2020 and 2019. Accumulated depreciations relating to these assets were Rs 188,000 and 153,000 respectively. During the year assets purchased Rs 60,000 and depreciation charged to income statement is Rs 39,000. If profit shown on sale of asset in income statement is Rs 6,000 calculate amount of cash inflows and outflows relating to assets.
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